Here are the key factors to keep in mind today for Gold trades:
- Japanese Merchandise Trade Balance: The Japanese Merchandise Trade Balance for December was reported at ¥140.2 billion. Economists predicted a positive balance of ¥117.0 billion. Forex traders can compare this to the Japanese Merchandise Trade Balance for November which was reported at -¥381.3 billion. The Adjusted Japanese Merchandise Trade Balance for December was reported at ¥36.6 billion. Economists predicted a positive balance of ¥84.2 billion. Forex traders can compare this to the Adjusted Japanese Merchandise Trade Balance for November which was reported at ¥22.4 billion. Exports for December decreased by 8.0% annualized. Economists predicted a decrease of 7.0%. Forex traders can compare this to Exports for November which decreased by 3.3%. Imports for December decreased by 18.0% annualized. Economists predicted a decrease of 16.4%. Forex traders can compare this to Imports for November which decreased by 10.2%.
- Australian NAB Business Conditions and Confidence: Australian NAB Business Conditions for December were reported at 7. Forex traders can compare this to Australian NAB Business Conditions for November which were reported at 10. Australian NAB Business Confidence for December were reported at 3. Forex traders can compare this to Australian NAB Business Confidence for November which were reported at 5.
- Final Japanese Leading Index and Final Coincident Index: The Final Japanese Leading Index for December were reported at 103.5. Forex traders can compare this to the First Japanese Leading Index for December which were reported at 103.9. The Final Japanese Coincident Index for December were reported at 111.9. Forex traders can compare this to the First Japanese Coincident Index which were reported at 111.6.
- German IFO: The German IFO Current Assessment Index for January was reported at 112.5. Economists predicted a figure of 112.6. Forex traders can compare this to the German IFO Current Assessment Index for December which was reported at 112.8. The German IFO Business Climate Index for January was reported at 107.3. Economists predicted a figure of 108.4. Forex traders can compare this to the German IFO Business Climate Index for December which was reported at 108.7. The German IFO Expectations Index for January was reported at 102.4. Economists predicted a figure of 104.1. Forex traders can compare this to the German IFO Expectations Index for December which was reported at 104.7.
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